Market Trends of Canada Hospital Supplies Industry
This section covers the major market trends shaping the Canada Hospital Supplies Market according to our research experts:
Sterilization and Disinfectant Supplies Expected to Hold Major Share in the Market Studied
For hospitals and patients in hospitals, cleaning, disinfection, and sterilization play a significant role. Currently, in Canada, there is a high expenditure on hospital supplies to maintain the cleanliness of equipment (such as prevention of healthcare-associated infections), surgical instruments, and staff hygiene. To avoid infections in hospital settings and home care as well, sterilization and disinfectant products are witnessing high demand among end users. This is anticipated to drive segment growth over the forecast period.
Owing to the increasing cases of infectious diseases, the demand for sterilization and disinfection supplies is increasing in Canada. For instance, COVID-19 had a significant impact on segment growth. The emerging cases of COVID-19 in the country have created opportunities for sterilization and disinfection products. In this context, in January 2021, Health Canada approved 'Five SC Johnson Disinfectants' that are proven to kill SARS-CoV-2. Thus, the pandemic has had a significant impact on segment growth.
Furthermore, the market players in Canada are more focused on maintaining their market position and continuously focusing on new product developments. In this case, in January 2022, HealthPRO launched several new contracts which provide a full range of medical device reprocessing (MDR) equipment. This includes automated washing and thermal disinfection systems; steam and low-temperature sterilization equipment; and various sized cart washers.
In addition, in July 2022, Charlotte Products Blog launched Enviro-Solutions ES21 Enhanced Hydrogen Peroxide Disinfectant, which is a ready-to-use disinfectant that was designed for use in facilities that require no fragrances or dyes. Such developments are anticipated to drive segment growth.
Therefore, owing to the factors mentioned above, the segment is expected to witness growth over the analysis period.
